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Is Now The Right Time To Buy Alibaba?

Is Now The Right Time To Buy Alibaba?

Chinese stocks have been under heavy selling pressure lately, mostly because of investor concerns about the trade war and its impact on China’s economy and currency value. In this context, Alibaba (BABA) stock is down by nearly 32% from its highs of the last year. On the other hand, Alibaba is growing at full speed, […]
Telecom ETFs In Focus Post Q3 Results

Telecom ETFs In Focus Post Q3 Results

U.S. national security, economy and global standing are expected to benefit immensely from technological developments to be brought in by the 5G world, and M&A strategies remain the chosen way for going forward in the telecom space, per a recent survey of 82 U.S. telecommunications’ CEOs. However, a rising rate scenario is hurting this capital-intensive sector […]
Bitcoin Broke Its Key Level: Here’s What Comes Next

Bitcoin Broke Its Key Level: Here’s What Comes Next

A few weeks ago, I wrote a piece called “Why Bitcoin May Make A Powerful Move Soon.” In that piece, I gave two primary reasons why I believed that a major move was ahead: 1) because Bitcoin was forming a descending triangle pattern – and – 2) volatility had fallen to incredibly low levels, which is often […]
WTI Tumbles Back Below $56 After Bigger Than Expected Crude Build

WTI Tumbles Back Below $56 After Bigger Than Expected Crude Build

A little humor to take the edge off an ugly few days in the energy complex as traders celebrate a marginal 1% bounce after collapsing for 12 straight days… Crude light chart pic.twitter.com/ePD6G4lfX3 — Sven Henrich (@NorthmanTrader) November 13, 2018 After bouncing modestly today following oil’s worst day in almost 4 years yesterday, amid fund […]
Is This The Start Of Metal Mania?

Is This The Start Of Metal Mania?

Today, we may have gotten a glimpse of what could be the impending dilemma for the market as we end 2018 and begin 2019. For us, this is not a new conversation. Rather, the difference now is that although the conversation may be old, the evidence to support that conversation is relatively new. The dollar, […]
So Goes Apple, So Goes The U.S. Market

So Goes Apple, So Goes The U.S. Market

Apple (AAPL) has been one of my largest individual holdings for the bulk of the post-recession stock bull. I believed in it when it was trading for one-tenth of its current value back in 2009. I even believed in it when it plummeted 40% in the winter of 2012-2013. Back then, though, Apple’s troubles did […]
Underlying Inflation Gauge: Data Delays

Underlying Inflation Gauge: Data Delays

Here is the latest from the NY Fed: The UIG “full data set” measure decreased from a currently estimated 3.10% in September to 3.07% in October. The “prices-only” measure increased from 1.94% in September to 2.00% in October. The twelve-month change in the October CPI was +2.5%, a 0.2 percentage point increase from September. The […]
AUD/JPY Weekly Technical Outlook: Price Testing Trend Resistance

AUD/JPY Weekly Technical Outlook: Price Testing Trend Resistance

In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The Australian Dollar has rallied more than 4.7% against the Japanese Yen since the yearly lows registered last month with price testing a critical resistance barrier around the 83-handle. Here are the key targets & […]
Housing Continues To Weaken

Housing Continues To Weaken

Weakness In The Housing Market There haven’t been any new data points on housing in the past few days. No economic reports came out on Veteran’s day. The next big reports will be the housing price index on November 19th and the starts report on November 20th. Even though there isn’t new data, I have charts […]